Home › 7341 62nd Avenue N, Minneapolis, MN 55428 (MLS# 7027214)

7341 62nd Avenue N, Minneapolis, MN 55428 (MLS# 7027214)

$2,300,000
7341 62nd Avenue N
Minneapolis, MN 55428
MLS# 7027214
Status: Closed
3 beds  |  2 baths
7341 62nd Avenue N, Minneapolis, MN 55428
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Property Description
Entire complex of 16 Townhomes offered, all large 3BR 3-Level units with identical layout, including in-unit laundry, central A/C and large backyard. These units are very attractive to renters. Tenants pay separately metered gas and electric. Tenants pay a majority of Water and Trash via Utility RUBS addendum. All 16 units are separate PIDs and so an HOA could be implemented; the units could be sold individually as townhomes, or retained as a multi-family rental complex. Agent is Owner.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-05-05
Current Price: 2125000
Closed Date: 2026-05-01
Sales Close Price: 2125000
Contingency: None
ListPrice: 2300000
List Date: 2026-02-26
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: EIG Property Management
Multiple PIDs?: Yes
Other Parking Spaces: 16
Owner Occupied: No
Waterfront Present: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 3
Baths Total: 2
Foundation Size: 11000
For Sale or Lease: For Sale
Acres: 1.37
Lot Dimensions: 240X490
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 7341
Street Name: 62nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55428
Complex/Dev/Subdivision: Lincoln Manor
Additional Parcels Information
Property ID #2: 0511821210130
Property ID #3: 0511821210129,0511821210128,0511821210127,0511821210126,0511821210125,0511821210124,0511821210123,0511821210122,0511821210121,0511821210119,0511821210118,0511821210117,0511821210116,0511821210131
Assessments
Tax With Assessments: 35039
Building Information
Building Finished SqFt: 22000
Building SqFt: 22000
Income and Expenses
Annual Gross Expenses: 180000
Annual Gross Income: 368556
Annual Net Income: 180000
Total Annual Expenses: 199269
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 05/118/21
Section#: 05
Township#: 118
Sale Options
Sale Includes: Building, Land
Unit 1
Unit Number: 16
Monthly Rent: 1732
Full Baths: 1
Half Baths: 1
Total Bathrooms: 2
Total Bedrooms: 3
Level: Multi-Level
Unit Total SqFt: 1364
Leased?: Yes
Lease Expiration Date: 2025-06-30
Unit 3
No. of 3 Bedroom Units: 16
Unit Details
Total Units: 16
Property Features
Accessible: None
Air Conditioning: Central Air
Appliances: Dishwasher; Microwave; Range; Refrigerator
Assumable Loan: Yes w/ Qualifying
Basement: Partially Finished
CMU Style: Apartments/Multi Family; Common Wall
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick Veneer
Financing Terms: Conventional
Foundation: Combination
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Assumable; Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas; Heat; Trash Collection; Water
Water: City Water/Connected

Listing Office: Manarola LLC

Last Updated: May - 05 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 26th of May 2026 02:48 PM

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